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to affect business and the economy in the united states and what it all means for your money melissa: straight to our top story tonight, the city of boston, massachusetts, is still reeling following yesterday's horrific bombing near the finish line of the boston marathon. president obama speaking out today on the tragedy, calling the attack, an act of terrorism. now with the latest news out of boston is fox news's craig boswell. >> the bombs detonated at the boston marathon used six liter pressure cookers packed with shards of metal, nail and ball bearings. they were place inside a black duffel bag and set on the ground. >> we had an attack. >> doctors removed sharp objects from lower extremities of victims. >> many have wound mostly in the lower part of their body, wound rated to the place effect of the bomb as well as small metallic fragments. >> the two bombs exploded about 12 seconds apart. the first near the finish line where 8-year-old martin richard was there to cheer on his father. the little boy was killed in the blast. when he ran back to his mother,wo siblings. bill richar
because the economy s been desoying money since the real estate market crashed. it's an offsetting situation and it is reversible. if the private markets were creating welgts and thefederal reserve which is creating money, yeah, you'd probably have inflation. but there's proof in the balance of the cpi has been the flattest it's been -- >> somewhere, that this you're going through is going to meet. and that may spark it. but what you're saying is that gold is still way above an inflation curve? >> yeah, it's not thing -- look, i don't believe there's going to be rampant inflation. but iffyou do there is dozens of strategies that are not gold that will do a better job for an investor. especially a small individual investor who's not an institutionalized, billions of dollars to allocate -- >> like real estate? >> real estate remains the ultimate inflation hedge for the average person. you can buy at depressed prices, boht a $200,000 house with a $150,000 fixed rate loan for 3%, thank you federal government for backing it. if there's hyperinflation wouldn't that home be worth $1 milli
the attack may impact american business, our economy and our nation's capitol and overall national security. steve moore from the "wall street journal" wonderful to have you in studio. the politics dealing with the aftermath of a terrorist attack? how does it improve the tone of partisanship in washington. >> anytime you have a national attack like this people pull together. i was thinking of the two major issues in washington. lori: immigration and gun control. >> those are two we've been hang link over months and months if not years. that is interesting i think it could have negative impact on both issues. lori: how so. , if it turns out it is saudis or foreigners, it will, it will, play into this kind of nativist, keep the foreigners out mentality. that is going to be a negative thing. in fact some of the senators and congressmen already said that maybe we should slow down on immigration reform. lori: wow! all the debate on immigration was held behind closed doors with the "gang of eight". that itself was critical because of the lack of transparency. >> interesting just today the "gang o
by now if we were going to have it. and yet i keep on -- the fed is printing money because the economy has been destroying money since the real estate market crashed. it's an offsetting situation and it is reversible. if the private markets were creating welgts and the federal reserve which is creating money, yeah, you'd probably have inflation. but there's proof in the balance of the cpi has been the flattest it's been -- >> somewhere, that this you're going through is going to meet. and that may spark it. but what you're saying is that gold is still way above an inflation curve? >> yeah, it's not thing -- look, i don't believe there's going to be rampant inflation. but iffyou do there is dozens of strategies that are not gold that will do a better job for an investor. especially a small individual investor who's not an institutionalized, billions of dollars to allocate -- >> like real estate? >> real estate remains the ultimate inflation hedge for the average person. you can buy at depressed prices, bought a $200,000 house with a $150,000 fixed rate loan for 3%, thank you federal gov
plans down the road. it's a fox business exclusive and a good read on the economy. that's next. as the an anticipation for apple earnings reports mount, we'll look at the best selling mobile phones, not just now, but of all time. phones that you may be surprised to see that app iphone is not in the top three. stay tuned. ♪ ♪ @ why are 8 million people why are 8 million people sleeping better tonight? they went to a sleep number store. the only place in the world you'll find the sleep number bed. a bed with dual air technology that allows you to adjust to the support your body needs. each of your bodies. the only place you'll find our bed-clinically proven to help each of you slee more soundly. and the only place you'll find sleep professionals that will help you find a number that will change your life. your sleep number setting. you won't find any of these innovations in an ordinary mattress store. you'll only find sleep number at one of our over 400 stores nationwide. and now you can save $400 on the only memory foam bed with sleep number technology that adjusts to e
they will have going forward on our economy. dagen: peter barnes has much more on this. peter: we looked at research reports on the impact of attacks of 9/11 back in 2001. the current economy has shown some softness recently in job creation and retail sales. any hits to consumer confidence may make things worse. two economists that i have talked to this morning do not think it will get too bad. the 9/11 attacks were targeted for the financial systems. consumer confidence rose sharply after the 9/11 attacks. experiencing the biggest monthly drop in a decade. the attacks caused more than 400 mass layoffs and displaced 130,000 workers. industrial production fell back then. the unemployment rate jumped more than a half a percentage point. we were already in a recession that september. we are not in a recession today. boston is not an economic center. >> maybe a day or two people will be hesitant about going out shopping. assuming nothing else happens, it should last much longer. peter: it could take a short-term hit because of boston. they are more worried about the impact on the economy and
$100, and in september of 2011, copper price a reflection of the week call for the global economy, china news earlier this week, bearish, copper prices down 6%. if you're looking for gains, the agricultural sector saw some, and, and natural gas of 4 present. and someone you did the action in today's session. and $100 from the close of around $400 a troy ounce. and gold will average 1450 a troy ounce, in 2014. we also see reports of stronger jewelry demand, gold has come down significantly, some buyers stepping in at these levels and copper falling out of favor of this week on weaker reports out of china and also copper is down 6%. lots of volatility, wrapping up the week more muted reaction. melissa: let's check the markets and go to the stock exchange. lauren simonetti is standing by. >> the volatility sandra is talking about is the volatility we are seeing here on wall street. what a week. the dow can't seem to stay or get into the positive at this hour but the nasdaq and the s&p are higher, this has been the worst week of the year for all three major averages, the worst week si
it is harming the economy to pay too much tax? >> yeah. we all know that. the other point is that we have a big fragmented tax system. so i want to add up not just federal income taxes but there is federal, state income taxes, local income taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't end up paying nothing, we need an alternative maximum so make sure in the end we need to keep some of your income. melissa: that would make logical sense. peter, let me ask you. what is the maximum? at what point do you start doing harm to the economy? i think it is like 20%. but i think i'm a little low versus everyone else. >> well, sure think there. small businesses in new york city that mom-and-pop luncheonest on second avenue, they're paying marginal rates between the federal and state and payroll tax just there of over 50%. what is their incentive to put more capital at risk and expand and hire more people? it is not very good. b
. we had enough bellwethers, in tech and items, other areas of the economy to get an idea how earnings are going. what does that tell but the overall economy, what we've seen so far with earnings, john? >> our view is we're still in very luggish growth and real opportunities are coming out of the easy money policies of the central banks along with the emerging middle class in the developing world and so we're looking at, we're very bullish on commodities. we're very bullish on companies that produce those. companies that are helping find oil, that have sophisticated technology in the oil service area. we think the overall market is really still in a secular trading range that it has been in for the last 13 years and up at the upper boup drills of that. liz: john, are you spooked at all what seems years ago and it was earlier this week, the gdp of china missed estimates? it was lower than expected growth? and you still believe in commodities why? because a lot of chinese still need to be fed and need to build skyscrapers? what is the your focus here? absolutely. 7.7% gdp growth is still
: seasonally strong time of year for home sales. overall, the u.s. economy is running below its historical trend. this is a study done by the index. my next guest says the economy sluggish growth may be the most ideal condition for investors. joining us is now jack. welcome to you. >> thank you, lori. lori: you see this as a prime opportunity. some new investment dollars could go into the stock market. >> yes, potentially. fair value in the market is probably about 1520. we are slightly ahead of that. we have a lot of favorable factors. one, keep money. we have stocks that look cheap. if we can get confidence, you know, of investors, but also builds confidence picking up, i think you could see treasurers and armature treasurers start to exploit that difference. as long as the fed keeps the backdrop in place, then the market can go higher. we do not want to fall into a double dip type of scenario. on the other hand, we do not want anything too strong to suggest that perhaps the fed will take its foot off the accelerator. lori: if you have new money to invest, what type of stocks would you p
, weekly jobless claims of. the market down. four out of the five past days. the state of the economy next. alec, for this mission i upgraded your smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earn witmy ventu car sauce to erase recent tvel purchases. d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? could lose tens of thousands of dollars on their 401(k) to hidden fees. thafully e-trade has low cost investments and no hidden fees. but, you know, if you're still bent on blowing this fat stack of cash, there's a couple of ways you could do it. ♪ ♪ or just go to e-trade and save it. boom. ♪ ♪ lou: optimism about economic growth commissioning -- diminishing as markets posted sharp losses for a third day this week. talk about the short-term. joining me now with his outlook for the economy, former bp, the president and ceo of the cake schiller institute. good to have you with us. >> goo
, weekly jobless claims of. the market down. four out of the five past days. the state ofhe economy next. the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you cafly airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, ou never miss the fun. beard growi conte and go! ♪ win! what's in your wallet? ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions.. in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. ♪ lou: optimism about economic growth commissioning -- diminishing as markets posted shar losses for a third day this week. talk about the short-term. joining me now with his outlook for the economy
market since the start of this cycle. weakness in oil could portend investors worries that the economies are slowing down not just in china but globally as well. so that will probably put pressure on the market. the other thing too, we're in the earnings season and this might be the quarter that doesn't delight. that is that we do get some dispoints manned -- disappointments and we get stiff reactions to the disappointments. lori: bob, you were cautious yet looking for stocks to show gains for the year. what do you think will get us past these bumps in the road? >> i think the bumps in the road should not be unexpected. the market is up 20% since last june. so it is not unusual to have a five to 7% correction at this stage. following on gene's comments, we are in earnings season. interesting when you look this year, i think that will be stimulus for further correction. expectations are 5% increase over last year for this quarter. 7% for the second quarter. 18% for the third quarter and 28 for the fourth. i think as companies report, analysts will be really focused on what the guidance be
and perhaps boosting our economy if we can't be sure who to let in? with me now are american enterprise scholar maaed din, we also have economist extraordinaire, professor peter morici. thanks for joining us. madeine, let me start with you. as we said, as we look at this immigration bill, you can immediately feel a reaction coming out of what happened with boston. to slow down on anything that we might be doing including student visas, including asylum, including some of the workers that we would need especially in the area of student visas who might graduate and then be productive in their economy. what are your thoughts on this? >> well, melissa, that's a great question, and thanks for having here to talk about this. the immigration bill that's before the senate right now, it's a great piece of legislation. and it would have no bearing whatsoever on the vy tragic events that happened in boston. the reality is that people who are here, unfortunately, be they native or immigrant, sometimes you commit horrific acts. but we don't base immigration policy on that. we should base it on our e
, but until the economy improves they're the not going to get out of the way and i think because of that, this market will go up and more talk about that this week. >> we're only what, a couple-- we were down on the week about a couple hundred points, that's not a major selloff by any means. larry, thanks indeed. you're saying the market is trying to go up, we shall see. we have a news background, not yet occurred, at ten o'clock, half hour from now we're going to get the existing home sales, a very big pointing that is supposedly improving housing market. you'll get the numbers as we them, too. i want to warn you, coming up on friday, the latest gdp numbers, they're going to be inflated and show a rate of growth maybe 3%, very strong. but, there's a new calculation involved. so watch out there. the dow is now open for business. we're up 5 in the very early going, yeah, the up trend in place, first thing this monday morning. and why are we going to show you the price of a foreign corporation? why are we doing that? i'll tell you because the japanese stocks are going straight up as the ye
will not be at jac jacn hole sim this year. my next guest said that we're seeing a slowdown in the economy after a stock first quarter, joining us, wells fargo chief economist, john sylvia, you see a slowdown here? >> there is a slowdown that is what bothered market, stock market a little bit, we a single family housing stocks, retail sales disappointing. building into the commodity market, chinese economic growth is disappointing. people at the inning of year think this economy will take off, and earnings will be strong, then as year goes down they tamper down those expectations. >> you know there is one stock that stands a metaphor, caterpillar, we see them with disappointining results off 42 their earnings, because they are off in the mining sector, but they tell us about good news, just the op ship of what said in -- opposite of what you said in china in their outlook. >> caterpillar is a true global business, they have a lot of infrastructure, a lot of mining and lot of development in many of the asian economies, looking at u.s. companies as traditional as manage mcdonald's and coca-ca ha
, boost the u.s. economy as supporters claim it will? lou dobbs is here. lori: let's update you on the markets as we do every 15 minutes, happening fast and furiously. we have the first check in this hour with nicole. what's the word on the floor among traders there, nicole? >> a couple things to note, obviously, we were selling off, back looking at what we looked at on monday, monday, we dropped 265 points, below even those levels. the vix, fear index, up 20% easily showing the nervousness in the market. selling across the board, particularly in economic sensitive areas like energy and technology, and apple, for example, below $400, and we'll is more on that throughout the show. the one thing to note is the volume is not as heavy like we saw on monday. there's less volume and less conviction to the selling; however, the selling is happening across the board. there's economically sensitive areas like financials bringing me to bank of america. reporting their quarterly numbers, look at bank of america. this weighing on the dow jones industrials, but more importantly, bank of amer
: thank you for coming on. dagen: government funding is a nonstarter, not a kick starter for the economy. that will not get in the way of the white house trying to spend more money speak that is true, dagen. people in a sense almost do not real. government spending went to this huge peak after tarp. over 25% of our economy. it has now fallen as a share of gdp. we are down close to 22% of gdp. it is still too big. government is actually falling as a share of gdp. first-quarter, the quarter that we just finished will get data for that in about a week. we are expecting about 3% growth. that is pretty good news from the economic front. dagen: is that already factored into this stock market? >> well, at least in the short term i think you are right. i believe the stock market itself is undervalued considerably. in other words, if you go back to early 2009, it is really the rise in profits that has driven this market. if we get any extension, what the investment community called multiples, the stock market could go even higher. the dow is worth it fair value 18,500. we have these pullbacks eve
to get worse. their economy looks just absolutely horrible. stuart: they give very much, indeed. a very clean cut opinion. we appreciate that. thank you very much. the opening bell coming up 20 seconds from now. maybe a gain of ten-15 points. please remember we were down 138 points yesterday. 352,000 new claims for unemployment insurance. that was last week. that is a relative high number. nothing like what you expected. firing trend, the layoff trend still very much with us. we opened 11 points higher. now, we are up 23. let's get right to it. apple. where did it open today? nicole petallides. nicole: at least they have an up arrow today. we have to keep a close eye on apple. people who own apple not only is they are hot on technology, but if they are on the s&p 500. stuart: down 25% so far this year. down about 50% from september, october of last year. we get the earnings next week. a big buildup for that. tuesday of next week, i believe. the opening quote for apple had a fault right up front. that is what we were looking for. nicole: for dollars four cents. yesterday, we broke below
. rather, we have the week numbers out of the chinese economy early last week. they are pretty much bearish on all of the commodities. they are saying that gold may turn around. connell: thank you, sandra. let's turn to brian jacobson a busy day in the markets overall. it is always good to have you on, brian. let me start with what sandra identified. the goldman sachs turn on gold. maybe we see the bottom. are they right about this? >> well, i do not think they are right about it. i do not view it as an investment. i view it as a spallation. i think a longer-term trend is for gold to be on the duke line. there are people calling for gold to go higher. short term, we could maybe see the european central bank ease a little bit more. eventually, that will come to an end. i do not think it is a trained eye would want to get on right now. connell: it could have some implications four other markets. for example, i have seen you writing about the fact we are riding a bull market for the u.s. dollar. >> exactly. i would expect if the dollar will strengthen over the longer-term, gold should week. th
showed more claims and that is not great news for the economy. i wanted to take a look two names on the dow jones industrials. one is the best performer and one is the big lagger. united health down 3.5% after their quarterly numbers, then you have verizon doing well with wireless particularly and in particular hitting highs we haven't seen in ten years. back to you. lori: thank you. global growth concerns bringing an end to the stock rally, the recent sell-off prompted the next guest to make the investor's portfolio, stifle nicklaus, portfolio manager has more on what is happening. thanks for joining us. we do follow you pretty closely and return to equity and commodity as you say, fundamentals are slowing. give us the best investment advice for where we go from here. >> to put it in context our group looks at a bunch of different economic variables. we saw a trough in the process last fall and added some exposure to equities as a result of improvement and fundamentals we saw under way right after the fed and the ecb took action last spring. as we rounded the corner and came int
of the global economy. we saw russia come out last night. they warn that if the physical commodities continued a sell-off they may fall and slick themselves into a recession. if we start to see russia fall into recession, parts of europe also may fall. the u.s. to be right behind it, and this could be as serious meltdown that could occur. liz: well, a meltdown in gold. right now we're up about $4. it is not a big deal. still, well off of the eyes of the past year or so. let me just get to crude oil right now. it is rebounding a bit by about a dollar and 54. overall, the entire energy complex looks stronger. what is that duty today? >> i think we have overdone it. we oversold the market. we got into a level where commercial buyers came into start hedging positions. i'm with that. to me right now eyeleted 84 and a half to 85. from here you buy this. and we head back up higher. liz: what would drive the move fire? >> well, a couple of things. coming up with a lot of bad news right now. and there was a huge sell-off in commodities. it's it's a sex sweating over. bad economic news, the world econom
. for the travel industry, a key driver of the economy, we cannot afford to sit here and have congress pointing the finger at the administration, the administration putting the figure of congress. travelers are stuck in the airport. travel in this decrease over 7 billion jobs and supports those jobs each year. we cannot afford to be delayed in the airport. gerri: it does make a very big difference to our viewers. what you to respond to what the white house was saying today about this issue. listen to this. >> the faa, like other agencies, is personnel have the and in the end you cannot avoid when 70 percent of your budget of your operating budget is personnel you cannot avoid when the cuts are as deep as they are and the sequester, the kind of actions that are taken, these furloughs. that is the unfortunate fact of arbitrary across the board cuts like this. gerri: mike, you know, i want you to respond to that and also this, the faa knew the -- fa new these cuts were coming. what have they been doing? is some of this intentional? is some of this self-inflicted, what is going out? >> it is all in
go, the economy comes to life. norfolk southern. one line, infinite possibilities. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur ♪ neil: we are live right now, engaging. how things are going in japan. last night at this time the market was clearing those losses as the night ensued. we were coming to you live. seeinghe market averages. most of the march to the upside. our own futures were flat to down. flat to slightly up prior to the news of a u.s. senator reports that he as a letter that tested positive. the letter never reached the senator we might point out. but it was wrote to him, and that is where they stopped it at a postal center in maryland. it does raise those eerie parallels to 9/11. he knows that better than the former new york stock exchange chairman and ceo who joins me right now on the phone. yuri parallels a night. totally
to passing a bill to help states collect sales tax. >> you know it is ironic one area of our economy that is growing great, has you know great innovation, and just really revolutionized things, is one area that government has not touched that is the internet, specifically internet retailing, now they want to get their happeneds into that. it is horrible. the customer is going to get hurt, and damage the small internet retailers, onc once ag, once government starting meddling is goes kaput. neil: you know they all have a advantage that we don't have that our customers may this tax. they don't. and it is an unfair playing field? >> you know here is the bottom line, if a motivated buyer goes on-line to buy something to get a surprise tax, when they press pay. they -- that may cause them to not baez. thebuy, they have heard earned money, they budgeted. the bottom line is this could seriously hurt the economy but also cause people to second guess do i really need it right now, which is not what the economy needs, there are a couple of unintended consequences. this may cause retailer to ra
in the economy spook you a little bit? >> you know, there's always those kinds of concerns out there, but let's think back at the whole first quarter. we've been looking for a selloff, and all the pros have been saying a selloff's coming, a selloff's coming. one never came. so monday was different. you could tell the trading monday, it broke through levels it hadn't, you know, previously broke through. this was real selling. and so this is the first opportunity, i believe, to kind of start looking for stocks on sale. i'm not saying jump in, you know, both feet, but, you know, we've been looking for stocks that are on sale, and you're finally getting them this week. and so we'll be using the continued weakness that i think will continue for a few more weeks to be buying stocks. liz: okay. microsoft numbers are out, and as we put up the stock reaction and, again, right now the stock is moving higher in the aftermarket session. we're waiting on the actual details of this, but as you can see, slightly higher in the aftermarket at the appointment as we pick apart the numbers, mac. your thought on
.s. economy is headed south. lots of negative indicators recently, what do you say? >> i think that the u.s. economy is already in the south. if you will, and we don't show many signs of coming back, because of very bad policies coming out of washington. i mean, these things should be-- we should be lowering tax rates and broadening the tax base and controlling spending where it should be controlled and having free trade, minimal regulations, but we're going in the wrong direction, stuart. i think you're right. >> what about that question about everybody printing money? well, they are, we know that, but, i don't think it's working this time around. it's just not, you know, juicing the stock market like it used to. >> i don't think it used to so i agree with you totally. you can't push on a string and they have been trying to push on a string and if you look at it this is the single worst u.s. recovery in history and obviously, it's the largest single monetary expansion in history. and obviously, they don't work, they just don't work and he's grasping at straws and god knows what type of r
impact on how you look at the economy right now? are are you focused on other factors? >> at this point* i don't see them has any impact it is the actions going forward but it will not have an economic impact worries about people not wanting to go to a large sporting event and fortunately we have had these kinds of episodes before an economic impact has been negligent with so one of the event. but at this point* we did see an increase with the weekly consumer confidence numbers we get out from one survey. quite honestly it is said difficult and challenging period of time. i again, i step back but we are selling back into a realization it is a tough month for the economy. connell: to that point* to get away with the leading economic indicators came in looking at the dow and the generations the leading indicators declined does that tell you anything what was the message of that? >> of course, it doesn't tell us anything we don't know but it is amazing that shift in sentiment people have in the marketplace about the economy with the last four or eight weeks with the turn of the year and th
economy both coming in, you know, more bearish than expectations. what can they do. positive for interest rates. on the other side, we still -- melissa: you think they will step in and do more easing in europe? >> they will cut interest rates. little impact because interest rates are already low. what we need is measures. the ecb could loan some money. melissa: that is an interesting perspective. we are quite bullish on the u.s. economy. we are positive. thinking would be good. this will account for some of the assets. melissa: thank you so much for coming on. lori: we have some updated news for the housing market today. rising 1.5%. that is just shy of the estimates. the pace has increased by 18.5% from year ago. bonuses are getting smaller. they are caving to regulators and scaling back bonuses. the trade journal said the fed started calling banks last year about compensation plans. jon corzine facing a lawsuit now over the collapse of mf global. he is being sued by louie freed. the lawsuit alleges that corzine engaged in risky trading practices. melissa: a vote of confidence and a big
buying and the stores and the economy feels and washingtwashingt on feels it >> what you have to do is give people permission and temporarily as a temporary solution. on your feelings right now. neil: they will clue themselves to their couch. >> not permanently nobody wants to be paralyzed by fear to stop living their lives you have to live your life and me appropriately concerned and vigilant but you can stop yourself from living and that is the general of vice -- advice. neil: to give their patients your cellphone number? >> they have it. they don't call me much. neil: to this point* we already had an economy slowing down and earnings we are looking at so even before boston and texas the economy is and was taking a hit. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't crea the future... by clinging to the past. and wi that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting hist
the economy was already reeling into a recession at that time. and, of course, the economy presumably is coming out with one this time. earnings at that time were torpedoing. earnings right now on the upside so there are a lot of fundamental differences that still the fundamentals are very, very different. we have to watch ourselves. there will be plenty of time to do finger pointing. when you find a politician on either side doing finger pointing at this point i suggest you raise a certain figure at that politician. let's focus on getting these good folks barry, including that 8-year-old boy. sequestration did not kill that little fellow. you know what did? awful people. more after this. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. becausenly national lets you choose any car in t aisle. and go. you can even take a full-size or above. and stilpay the misize price. i could get used to this. [ male announcer ] es, you could business pro. yes, you could. go national. go like a pro. yes,
because of the economy, they are desperate, some are bidding on projects they shouldn't take. how do i know i am working with somebody who is appropriate for me? >> if you're paying for that insurance, you're proud to show that certificate and if someone is resistant to show you the proof of insurance, they don't have insurance and it is important with the nature of a lot of the situation now with workman's comp, it is very important, don't let anybody work in her house without the proper insurance. very fair question to ask the contractor to show proof of that insurance. gerri: i want a contract, but tell me one or two things that absolutely must make sure our in those contracts that i know about. >> who is handling everything. the trash and the debris and removal and the permits, some of those things you might not think about are very important and can be very important. not only are you looking at what is included in the contract and what is included in the price, but also what's not included, that's extremely important. gerri: great to see you, you have to come back soon and talk t
again and ain, they can't grow the top line because the economy isn't supporting that. what do you do? how do you respond to that? how do you protect your money? >> well the thing is you have to understand, actually mark hit on a great point, since 2009 revenuesnly grown by about 7% of the earnings have grown by almost 230%. the disparity's come from things like stock buybacks, accounting gimmickry in terms when do we account for stuff and when we don't. and so what drives corporate growth in the stock markets over the long term is that top line revenue, sales. that's what we node to see. that is what --. melissa: lance, i know that, tell me how do i protect my wealth in light of that? i hear what you're saying but you're reiterating what the guys before you said. we already agree with that. how do i protect my money >> i know. the point is we're telling you the strength of the economy the economy is getting a lot weaker here. all recent data shows it. it means cash and fixed income will perform better most likely over nt six to nine months while we g through this process. melissa: ca
in a far quicker way to satisfy the needs of a modern economy but the big thing government has to do is stop spending money on things that don't matter. this matters. innovation matters don't do things that a clematis -- commodities vegas investment changes the game. liz: and the stock is up year over year but we watch this closely and oracle of the competitor up 11% so you are doing better. the closing bell rings in 70 minutes. talk about a splash, see world jumps more than 25 percent of the stock market debut. yes they launched the ipo date to doubt the negative news flow and went for a. entertainment joins us next so why was now the good time to go public?@ and as we told you the developing news this hour the boston red sox game against kansas city royals cancelled tonight. you are looking at a live shot of a very empty fenway park just a few miles away from a massive manhunt in watertown and cambridge and will remain empty tonight. no game and the bruins hockey game also canceled for all the developments on fox business. dow jones industrial average up 14 points. 've known? we ga
, and what we is not in the right step relating to where they think the economy is in relation to the equity markets, so we're a little cautious here. we think if we are above the 1561 to close is above, and interimmediate bull line, we'll be all right. liz: yesterday, we saw volatility in the wake of the marathon bombings jump 43%. that was a little destabilize due to a drop in gold, a precipitous drop yesterday, but, today, it is pulling back by 2 #%. there on the floor of the cme, what are traders talking about as it relates to what happened yesterday versus today in >> yesterday was unusual. before we came in, as you stated, it started with china, and the market was down for fears of growth in china. the boston bombing increased it. as we go on, hear more about what's going on, it's not looking like it's a coordinated attack, nothing to spread to the rest of the country. that's begin us time to di jeers everything and look at what we have to, and that's economic data that's going to drive what the market is ultimately. the other things have effects, no doubt, and they vie ma more in the
percent say the economy is the most important issue facing this country. 18 percent say it's unemployment and jobs, of course. satisfaction with the government itself. 16 percent -- i mean, these are the beginnings of a list for anyone's agenda and politics in this country. anyone responsible for government. 11 percent said it's the deficit and debt. now, you may have noticed, we are not seeing any legislation, not hearing a lot of talk about programs and responses to deal with these issues. and then there is, of course, health care. 6 percent. 6 percent say that is the most important issue. 5 percent say it's ethics. i have to say, 5% as a little small for me on this. the ethical and moral and family decline in this country. are you kidding me? 4% say immigration. i know what your thinking. we have seen a huge immigration bill introduced. well, 4 percent say that it's education. the number one issue in the country. and another 4 percent say guns. isn't that interesting? guns. here is what the hundred and 13 congress that succeeded at doing so far this year. they put together seven measur
. al, what do you make of that? we were given that they were at least clawing back. >> the economy is never as good as people say it is. the housing market is never as good as people say it is, think of this, we have interests below 4%, f most to go out get a mortgage, housing market should be streaming back we're seeing a large percentage of sales dominated by visitors, there is still a foreclosure crisis going on, unemployment is still high we have not by any stretch of the imagination seeing what seem people call a recery. neil: we're well off the matt from lows. any trend or any improving trend looks good. when it is disrupted we feel bad. >> no, but i think that al's comment, ner as good as they say it is but never as bad, whole market has been en few fuego, have a tried to get a motorrage lately. -- mortgage lately. i tell you, they are not lending credit, and demand is not there for creditworthy borrows either, because people are not making more money, and businesses are not hiring. neil: tomorrow, you are jumping gun we talking about proctologists who offer mortgages. >> i
. is a past to citizenship appropriate good bad for our economy? is in the national interest? is it good for american society? the real question becomes after tenures why do we have these answers? gerri: if you don't have the answers i don't know who would. >> thank you for that. what we tried to point* out is precisely that that so many of these issues how much benefit to be derived from immigration what will it really cost to follow a pathway to citizenship and the gang of 8 plan? we don't have those answers. what is funny and all of this today the media matters' left-wing activist group said that lou dobbs is anti-immigrant because he is asking questions. they'' to a fellow who was very nice and i am sure a good man out of ucla who just happens to be a chicano activist who opens all sorts of numbers we cannot rely on just as you cannot rely on the numbers from the federation for immigration reform. the government is in the one providing these answers. did not have the answers for their own committees, congress the senate or the president. gerri: will we get them? is there a sense that
and will have a great environmental and economic impact. another study in new york looked at not only economi the economit of environmental impact and said fracking can be done safely. two studies done by either coast. the tax revenues are big enough, powerful enough, job creation big enough will override the power environmentalists have in the state of california. stuart: i think you're right, i'm asking you if california goes ahead and does this, that would open the door to all of america. i can't see anybody standing in the way of fracking for natural gas and oil. >> that is right. it is a similar decision obama made on the keystone pipeline situation. the prime minister of canada was shocked and turned it down. his administration looked at it, probably the most research environmental project ever, and obama turned it down. not for science reasons, but for political reasons. will jerry brown turn it down for science reasons or political reasons? i don't think he will turn it down. his concern about the state deficit, $500 billion unfunded pension liabilities, stuart, they have to do someth
. david: debra on facebook says as the world economies decline gold will be relevant. liz: thank you so much for joining us. again, big news out of yahoo!. while they beat on both the top and bottom line the stock is trading lower in the after-market session. david: "money" with melissa francis is coming next. we'll see you tomorrow. i turned 65 last week. the math of retirement is different today. money has to last longer. i don't want to pour over pie charts all day. i want to travel, and i wanthe income to do it. ishares incomes etfs. low cost and diversified. find out why nine out of ten choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. your chance to rise and shine. with centurylink as your trusted technology partn, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile.
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